Here are important Business Studies Questions for Class 12th : 1. What is the importance of management? Explain the different functions of management. - Importance: Efficiency, effectiveness, goal achievement. - Functions: Planning, organizing, staffing, directing, and controlling. 2. Define the term 'Marketing Management.' What are the functions of marketing? - Definition: Marketing management involves planning, organizing, directing, and controlling the activities related to the marketing of goods and services. - Functions: Market research, product planning and development, pricing, distribution, promotion. 3. Explain the concept of 'Financial Management.' What are its objectives? - Concept: Financial management involves planning, organizing, directing, and controlling financial activities. - Objectives: Profit maximization, wealth maximization, proper mobilization, and utilization of funds. 4. Discuss the various sources of recruitment. What are the advantages and disadvantages of each? - Sources: Internal (promotions, transfers), External (advertisements, employment exchanges, placement agencies, campus recruitment). - Advantages/Disadvantages: Cost, time, suitability, employee morale, diversity. 5. What is 'Consumer Protection'? Explain the rights and responsibilities of consumers. - Consumer Protection: Measures to safeguard consumers from exploitation. - Rights: Right to safety, information, choice, representation, redressal, and education. - Responsibilities: Being aware, seeking information, choosing carefully, speaking out, being ethical. 6. Describe the different styles of leadership. How do they impact organizational performance? - Styles: Autocratic, democratic, laissez-faire. - Impact: Employee morale, productivity, creativity, decision-making efficiency. 7. Explain the principles of scientific management as given by F.W. Taylor. - Principles: Science, not rule of thumb; harmony, not discord; cooperation, not individualism; development of workers to their greatest efficiency. Follow @beingcommerce for more ✅